Buying a property in Spain can be a complex process. We can imagine that you therefore have many questions before deciding.
Immodelux is not only your estate agent, but we also offer purchase guidance. We take you through the whole process and together ensure that you can safely buy your dream home without worries.
Based on your budget, we can inform you what the options are and find the most suitable property for you.
Take into account VAT, registration fees, a lawyer/gestor, notary, possible renovations, rental permit, utilities, ...
We also guide you in this, so that you can buy without worries and do not buy a cat in a bag.
Once we have discussed together what you are looking for, we will offer you several options, according to your wishes and budget.
Should you be interested in a particular property or properties, we offer a VIP arrangement in Spain to view these and possibly other properties on site.
We will guide you through the entire process so that nothing is overlooked, everything is arranged correctly and you can sign the notarial deed without any worries.
If there are any irregularities, these will still be rectified or you can abandon the purchase.
If everything is in order, we will make an appointment for the notarial deed. We will be present at this too.
If necessary, we will help you further with a possible move, furnishing, renovation, internet, TV, rental....
Once all matters have been checked, examined and possibly rectified, the sales contract will be drawn up. At this stage, an average of 30-40% is transferred to the developer in the case of new construction and 10% in the case of an existing property.
By law, the developer has to issue a bank guarantee for every instalment he receives. This is therefore similar to the Breyne Act in Belgium.
In case you buy land first and then have a house built, the process is also similar to the Belgian process: you buy the land first. This is done via a notarial deed and then pay the contractor each time a phase is completed. So you never pay more than what has already been built.
The purchase contract (similar to the compromise in Belgium and the Netherlands) contains all the details of the buyer and seller, the description of the property to be sold, the method of payment, including an exact date or ultimate date by which the notarial deed must be served.
In case, after signing the purchase contract, you as the buyer do not wish to proceed with the sale, you will lose the amount already paid. The purchase contract is therefore very binding on both parties.
The notarial deed (escritura) usually takes place within 3 months of the purchase contract. Everything depends on the type of property you are buying whether you already hold an NIE and whether or not you need a mortgage.
Find your dream home with Immodelux!
Alain and Monique
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